Tradable Permits in Developing Countries: Evidence from Air Pollution in Santiago, Chile

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Date

Dec. 21, 2008

Authors

Jessica Coria and Thomas Sterner

Publication

Working Paper

Reading time

1 minute

Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program’s performance over the past ten years, stressing its similarities and discrepancies with trading programs implemented in developed countries, and analyzing how it has reacted to regulatory adjustments and market shocks. Studying Santiago’sexperience allows us to discuss the drawbacks and advantages of applying tradable permits in less developed countries.

Topics

Authors

Jessica Coria

Thomas Sterner

University Fellow

Thomas Sterner is a university fellow at RFF. His work is focused on the design of policy instruments to deal with resource and environmental problems.

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